Letting anyone Spend, Send and Lend Seamlessly with MatchMove
MatchMove Pay is Singapore’s fastest growing technology company, and one of the world’s fastest growing and most disruptive fintech companies. On the back of their recognition in the 2019 APAC Excellence Awards, where MatchMove was named ‘Singapore’s Most Outstanding Fintech Firm’, we spoke with CEO and Founder Mr Shailesh Naik to find out more.
Fintech has become the dominant disruptor in the financial and banking industries, adapting to the ever-changing needs of emerging consumer markets at a pace that traditional brick and mortar establishments struggle to service. Further, it would perhaps be an understatement to say that technological development has heralded in a new age of digitalisation, as more and more banking services are turning to paperless processes.
With these two distinct but related core constituencies in mind, – large, connected populations in need of mobile banking services but don’t want to or cannot go to a traditional bank and leading organisations wanting to digitalise their entire customer experience but don’t want to develop their own technologies – MatchMove has developed a proprietary Banking Wallet OSTM that enables ‘Banking As A Service’ to be inserted easily inside any app on any phone. As Mr Naik explained in more detail. “The platform empowers businesses and brands, in the private and public sectors to enable their customers to ‘Spend’ both online and offline easily and safely, via instantly issued prepaid cards on major card networks. Our ‘Send’ capabilities include P2P domestic transfers,
As one of the world’s leading
This high growth model forms the backbone of the company strategy as it looks towards growth and expansion over the rest of the year and beyond. “We started looking abroad early in our journey, identifying new geographies where there is a huge demand for prepaid payment solutions due to a large unbanked population, but with high internet and smartphone penetration rates. As a result, we set up our first overseas office in India, quickly followed by The Philippines, Vietnam and Indonesia. We focus on addressing the pain points of strategic verticals with
In 2018, the company reported a doubling of new customers signing up multi-year contracts to use the platform while it also reported